HomeMy WebLinkAbout1999-796-12.13.1999 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa .
RESOLUTION NO. 1999-796
RESOLUTION APPROVING APPLICATION WITH ADEM
DURIC FOR TAX EXEMPTIONS ON IMPROVEMENTS
TOTALING $1, 500 . 00 FOR PROPERTY LOCATED AT
305 BALTIMORE STREET IN THE CONSOLIDATED
URBAN REVITALIZATION AREA PLAN, IN THE CITY
OF WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Adem Duric has submitted an application dated
December 13, 1999 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemption on improvements totaling
$1, 500 . 00 for property located at 305 Baltimore Street, more fully
described as follows :
Whitney and Sedgwicks Addition Southwest 80 feet
Northwest 40 feet Lot 6 Block 5, all in the City of
Waterloo, Black Hawk County, Iowa;
and,
WHEREAS, said property is located within the designated
Consolidated Urban Revitalization Area in Waterloo, Iowa, as
previously established by the City Council of the City of
Waterloo, Iowa,
and,
WHEREAS, the improvement project respecting said property is
in conformance with the Consolidated Urban Revitalization Plan as
officially adopted by the City Council for the City of Waterloo,
Iowa, and
WHEREAS, the improvements on said property were made during
the time in which such improvements are eligible for the tax
exemption as set forth in the Consolidated Urban Revitalization
Plan as adopted by the City Council of the City of Waterloo, Iowa,
and as set forth in the Urban Revitalization Act as adopted by the
Legislature of the State of Iowa and signed by the Governor of the
State of Iowa, and
WHEREAS, said applicant is requesting the following exemption
schedule:
For the first year 80%
For the second year 70%
For the third year 60%
For the fourth year 50%
For the fifth year 40%
For the sixth year 40%
For the seventh year 30%
For the eighth year 30%
For the ninth year 20%
For the tenth year 20%
NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF COUNCIL OF THE
CITY OF WATERLOO, IOWA, that said application is hereby approved
and the City Clerk is hereby authorized and directed to forward
said application and a copy of this resolution to the Assessor by
February 1, 2000 .
Resolution No. 1999-796
Page 2
PASSED AND ADOPTED this 13th day of December, 1999 .
John R. Rqoff, Mayor
ATTEST:
Nancy Ec rt, City Clerk